Pakistan, IMF set to meet next week



Increasing chances for a move to bi-annual reviews are leading to policy makers having more time to deliver results under the $6.6 billion bailout programme, Pakistan and International Monetary Fund (IMF) will meet next week to hold negotiations for the release of the next loan tranche.

The meetings will be held in Dubai from July 29 to August 6 to review progress on the targets agreed for the April-June period and discuss the advancement on conditions set for July-September, said a senior official of the Ministry of Finance.

It will be the eighth review under the $6.6-billion programme and the successful conclusion will pave the way for release of the ninth tranche valuing over $500 million. Pakistan and the IMF teams are meeting after less than three months with their last meeting held in May, according to sources.

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